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energy drilling policies to get at the national resources and of course, the big story that you mentioned, paul, is what's happening with right to work, it wasn't just michigan, sometimes we forget earlier indiana became a right to work state, too, so, two midwestern states that have traditionally been pretty heavily unionized moved to right to work and i wouldn't be surprised if next year we see a couple more states fall. >> interesting contrast in maryland and virginia, neighboring states. you have in virginia, a republican governor cutting taxes, cutting spending. in maryland, you have a liberal democratic governor who's raised tacks all kinds of taxes, income taxes, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican g
will include west virginia in the conversation about energy. do have you any idea they would even be considered because of this? would it embarrass the obama administration into including west virginia? >> my guess or my observation about the administration, they are pretty shameless. i doubt we could embarrass them into were of anything. jackson has put through rule after rule, the damage that the economy with almost no environmental benefit. they are raising energy prices, and putting people out of work. and they are doing it, without any support in continental for this -- in congress for this, that is why they deliberated in second rate. and do everything behind people's backs, and not let the public know who they are talking. to i expect we'll find, when we see the 12,000 e-mails, we'll see a lot of private chatter with environmental pressure groups. and i think you know, it could be embarrassing. tom: myron thank you for joining us. congress -- republican congressman ben harper is joining me about that e-mail situation, congressman, do have you plans for lisa jackson to come before your c
on this pig. >> look closer at the energy sector. it was the worse performer with energy stocks ending lower for the sixth straight session. the move lower comes despite a rise in more than 2% on crude oil this week. david? david: as was just said, it's not all red. there is some green on this markets, and it's focusing on retailers. barnes & noble, macy's, zales. people buying diamond rings and bracelets. >> oh, i wouldn't know, david. i'm not a realist, apparently. david: only one woman on my diamond list, but go ahead. >> a look overseas at japan, last trading day of the year, shares closing, get this, at the highest level since last year's tsunami for the year gaining 23%, the biggest percentage rise since 2005. ending on a nice positive note over there. david: wish it was good here. congressional leaders meeting with the president, what's hanging on the edge of the cliff is higher taxes on dividends. coming up, the chairman and ceo of southern company owning a bunch of power companies in the south tells us why the tax hike would be a huge blow to his industry, a blow everybody will feel
and no one is reading that 3.7 million words . same in obama care and no one read it through. energy and job hits and energy . even health care industry. medical device trea and restaurant industry. businesses are saying it is so unweldy and so many bad things popping out . we have to protect the bottom line and make sure we preserve the job cuts we can. >> whether they're for or nonprofit a lot of people can't afford to keep up with what it force them to do. >> and one consultant survey said 50 percent will pass it along to the employees. we can likely see higher cost in health care . that is not what it promised. you mentioned that the nuns will get an exception or exception. what is the difference between the nuns who serve a lot of noncatholic people and a lot of noncatholics who work for them . what is the difference between them and a business owner who is strongly catholic and serves noncatholics and didn't offer conacceptions . >> there is a huge difference. one is religious organization and the other selling model airplanes in the retail stores. >> nuns are hiring workers and not ju
about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because we have a never budget balancing act going on with the journalist pointed out the secret gang of six meetings, that's budgeting by, secret gang of 12 meetings. and-- >> quickly that's what we use today call blue smoke and mirrors in washington and that's why people are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct s
and that runner should start to sprint soon as america begins to reap the rewards of its domestic energy boom. we're extracting record amounts of oil and gas from shale through fracking and other technologies. pushing prices for natural gas which is used in part to generate electricity down. that helps utilities and heavy industry compete. creating more jobs for americans, all of these things put together are sending my runner, the u.s. economy, dashing ever faster down that road toward an economic renaissance. one that offers real prosperity. real jobs for years to come. but running fast on this road requires something else -- an investment in infrastructure. and that's a subject of discussion i really had with harvard professor ken rogoff, "wall street journal" editorial righter. and i started off by asking how can you convince lawmakers that infrastructure money is well spent and how can you insure that the money is in fact well spent? >> i think you have to have firm regulatory oversight. it's not something you can just spend the money and walk away from. but there are the electricity grid, w
energy problems how would you rate it? >> it is not a solution and it is wholly dependent on electric utilities and electric generation that can be dispatched. we can't count on wind. when demand is highest wind output is generally at its lowest. that's a big problem. gerri: irony, these anti-wind groups are growing in number. take a look at this. in the u.s. there are 100 groups. u.k., 200. europe, 500. what is going on? >> this is part of a growing global backlash against the wind industry. this is very successful rtraying itself as green. we produce green energy, green lech i very, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontio, we're seeing backlash against the large wind projects going in all over the place. gerri: talk about new york. you have an interesting example there. >> just last month lawyers here in new york filed lawsuits, 60 residents in herkimer county just north of albany, they filed a lawsuit saying these project, wind turbines, built within 1000 feet or so of residences are emitting all the noise, k
companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesan. the kind of service that's county of victoria to their -- o their base line services. >> thanks bob, have a greatweek. bob pr profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5%, half the gain in the s&p 500. but as erika miller reports, some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yellow metal could hit $2,000 an ounce next year. the reason? >> monetary easing. all the
at the enterprise institute and i work on primarily energy and environmental policy issues. i'm a scientist as well as alex and my doctoral degree is environmental science and engineering. so i am really excited to have this event today on science called "science left behind," alex's great book, and before we start, if i seem a little fuzzy you've seen the commercial that goes something like this when you pay too much for cable you through things and if you throw things people think you have anger issues some people think you have anger issues in your schedule up and you grow a scraggly beard and you start taking in stray animals and you can't stop taking in stray animals don't pay much for cable. i have my own version today to the appeal to the kafeel you have a checkup and when he gives you a check that you have a flu shot at a tetanus booster. when you have the booster do we get the next a feeling like you've been beaten by a guerrilla with a baseball bat. and you feel you've been beaten by a gorilla with a baseball bat to wander into the street and get hit by a truck. don't get a checkup when y
of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health benefits. the combination has left many here without access to private or public care. and that's meant a stunning rise in disease and mortality rates. >> brown: economists, of course, speak of a different kind of necessary medicine: the kind a deeply indebted nation must take. the price for living and consuming well beyond its means for far too long. >> the medicine is necessary. it was, though, delivered very abruptly. >> brown: as a government
care mandate and they are anotheringing a court order. thre plus it was supposed to be a green energy boom for one state that turned into a state bust now they want a refund. gas prices new national average is 3.28. that is up $0.02 from yesterday. >> good morning to you. it is quarter past the hour. here's a look at what you missed while you were sleeping. escalating violence is forcing the u.s. to close test embassy in the central african republic. the state department ordering our ambassador and his team to flee the country as rebels advance there. u.s. citizens are being evacuated. the car company if is car mfisky own millions of dollars. the plans to open a factory is very much in doubt. if is kerr g fisker would have to pay the money if it doesn't follow through. they got a $529 million loan from the department of energy and that is paid by you. >>> 2012 was a nail biter from a bruising economy to a high spirited presidential campaign. we take a look at a year that was. >> 2012 was a make or break year for political careers speegsly in the campaign for the white house. president
to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesand the peripherals they need. the kind of service that's county of victoria to their -- connect to their base line services. >> thanks bob have a greatweekend. bob pro profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5% half the gain in the s&p 500. but as erika miller reports some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yel
've ever heard in my life. neil: i am going to hold you down to a maybe on green energy. [laughter] you have been a bipartisan on capitol hill. wasting time as we pile $4 billion of debt every day. they are waiting for november for some closure. when you think happens when? >> the most dangerous thing in the world is a lame-duck session. they cram every bill with junk. so if you don't have the money, don't spend it. we have to retreat and backup away from this and try to get our priorities in line. if this was a business, we would fire the president can fire the ceo because he doesn't know how to generate a profit or engage people to solve problems. neil: is that the president order is keep bashing capitalism? do they go to bar the other way? >> i think that is ridiculous. nobody sys i can't wait to go into work until today. neil: what should we do to get them hiring, give them expanding? >> serious leadership of the country that says that this is a free enterprise system, let's let the free enterprise work. >> i would take a good hard look at the whole country. my taxes went up 39% and
on the mileage stickers on cars. it improves our energy efficiency. that's a good thing. that is spurring growth. but the kind of reforms we have on wall street have not solved the problem. look at what happened last week's at usb, not only wild and irresponsible behavior, but then we have attorney general holder determining that he general holderubs the fullest -- attorney general holders a betty cannot prosecute ubs because he is afraid ubs is too big to shut down and would destroy financial markets. i thought dodd-frank was supposed to fix that. what was so disconcerting was the democrats did not join senator grassley in their u.n outcry about that protect the integrity of financial markets. it is something that should be bipartisan. but it is not, apparently. that is an example of regulation cannot afford. not all it is it is expensive, it's keeping people from getting loans, and it is impeding economic growth, which we need to pay for that column i talked about. host: on twitter -- guest: it is not. it is something people gravitate to because they use a rhetorical device to say there's a wa
and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is the first step toward rebuilding japan's diplomacy and security. >> abe promised the central government will take the lead in rebuilding disaster-hit regions in northeastern japan, especially fukushima prefecture, home to the damaged nuclear plant. the new prime minister says he will achieve results as soon as possible to redeem the trust of the japanese people. >>> prime minister abe's launched his cabinet tuesday after the top lawmakers elected him to the top job. both houses of parliament elected abe as prime minister, a post he held between 2006 and 2007. abe is the first politician in 64 years to return to the position after resigning. his liberal democrats ruled japan almost continuously for half a centu
to get worse. >> the government announced the energy u-turn last year after the fukushima nuclear disaster. it wants the country to abandon nuclear power and turn to renewable sources such as the wind and the sun but the power grid isn't ready. they visited a plant near berlin to see what progress is being made in improving the grid. he says he worries about the short-term finaltial gain but the benefits are great. >> we are explaining the nature of the challenge. but after all, there is quite an impressive public support for the energy u-turn. more than half of the people are in favor of it. >> but there's another number thatening la merkel might need to worry about it. 4/5th of germans might be thinking of their electricity bill when they choose their next government. if a long, hard winter brings big bills then she might be paying the price as well. >> venezuela has one of the highest murder rates in the world. crime usually spikes in the days leading up to the new year. >> a man brutally disposes of his pregnant girlfriend. the child is miraculously born in the gutter and resc
the "x actor." facttr."an insider ttlls "us show eeough energy... and wasn't wortt herr15-million- dollar cootract.that same cowell felt he got the "boring" britney... anddwanted the "craay" britney.no word yet from spears' peopll. are ou our arr you our biggest fan?then everrday we'lllpick ne of our viewerssfrom our facebook page... nd feature them on fan just go to our facebook foxbaltimoree coming up... up... a random act of hhppennd... outside thhs l and who says new year's eve is just for adults?the ánoon--imeá activities being offered... just for kids. hometown hotspot.you're watching fox 45 good day baltimore. ((bbmp out)) ((break 1)) "i woke up thinking about drugs, i went to sleep thinking about drugs." "i had had uncles, parents tell 'me, 'you're going to die from drugs.' i believed them. i said, 'i know. 'but i didn't care." "and laying on my hospital bed, i said, 'please, help me. have mercy on me. help me.' and he helped me. he helped me." 3 they may not stay up to see the ball drop in time squaae but they can still enjoy the celebration.port ddscovery iss hostin
nuclear energy for all. >> but do you want, do you want, mr. -- >> allow me, sir. allow me. >> the question wasn't any of that. >> but i will get to that answer. don't be in such a hurry. >> should israel be wiped off the face of the map? is that your desire? >> translator: if a group comes and occupies the united states of america, destroys homes while women and children are in those homes, incarcerate the youth of america, impose five different wars on many neighbors and always threaten others, what would you do? what would you say? would you help it? would you help that entity or what you help the people of the united states? so when we say -- when we say to be wiped, we say for occupation to be wiped off from this world, for war seeking to be wiped off and eradicated, the killing of women and children to be eradicated and we propose the way, we propose the path. >> what they're really saying is despite the fact we deny the holocaust, threaten israel, demonize the united states and all this stuff, we want you to trust us. in spite of the fact that we won't cooperate with
, i became a pingong master while recording my debut album. how yoask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> is very sad, but this legislation is what is said. the legislation has the expiration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that was perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-called wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possibl
recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> eric: welcome back. today marks 107 days since the terrorist attack on consulate that killed chris, sean, glen, tyrone. so i ask where the czech hill? keep it in mind. yesterday, we learned crazy breaking news that the "new york post" is reporting that the four state department officials who were told were fired because of the gross mismanagement of the benghazi consulate weren't fired at all. turns out the assistant secretary of state, boswell and three others will be back on the job working for the state department soon. he switched desks and the other three were due back to work in days. nice. so where the heck is hill? concussion. that headline and story sounded like those four were apparently let go, apparently they weren't. it's four out out of the state department apparently they weren't. isn't it time hillary clinton and obama man up and get in front of the congressional microphone? for the four dead americans. where the heck is hill? jimenez is
the medications for the catheter but it also has ultrasound energy that helps loosen up the clot and allows the tpa to work faster and more effectively. >> ecos is still in clinical trials but the catheter reduces the amount of drugs a patient needs. texas researchers found when five month bills were given support to help them set up the demonstrated similar learning patterns as older babies. advantage the older babies have is they could sit up and reach and touch objects. bemis or not the courage to set up may miss out on * to learn. -- opportunities to learn. a small north carolina company is trying to change that by turning technology into an impetus for active play in children. eric edwards has the story. >> these kids are doing their own thing on the playground. while competing with each other in a virtual world. this is sqord. a combination game and real- world exercises. >> our idea is not to say that technology is the problem. but embrace it and say can be part of the solution. >> it tracks physical activity and captures a range of motion, duration, and energy. >> kids see which of
they do? pump it up. >> i have been saying that all morning. >> yeah. >> high energy, guys. high energy. >> it's the way you said it. you are supposed to do the fist pumping and shouting -- >> i don't think the fist pump is cool any more. >> me and cool, we don't spend too much time together, so you can do the fist pump in my presence. today no wind, no clouds. just all sunshine. and yes, indeed, it's after the winter solstice, and that means the days are getting longer, yes, we have six more seconds of daylight than yesterday and tomorrow nine more seconds than today, and the days will get longer all the way up through the spring equinox in march, and then we will had 22 more minutes of daylight a day opposed to the seconds. and it's chilly on the way outside to get your bags now. temperatures, 20s and 30s across the area. we will see a quick rise with all the sunshine out there. all in beautiful charles county, maryland, temperatures in the 40s by noontime today pushing 50 degrees this afternoon with 100% sunshine in la plata. so a chilly day, and great weather for football. no doubt
of the granite state citizens have and a lot of people of talent and energy. we need everybody to participate. if that is how we can proceed, i think we will be better off two years from now. >> i would echo that. my ultimate goal is equal opportunity for all and part of that is general -- is gender- related. i want to give out a shout out to private employers who can do better. i was very fortunate to work part time. most people did not know that. i worked four days a week. how was the first part time law partner in the state and my colleagues -- i was the first part time law partner in the state and my colleagues were great. the had to lock myself in a closet for a conference call. my kids were out playing. and the client asked for their children there? yes, my office is next to that christian school. that was true. i just was not in the office at the time. [laughter] but now we are more open about it. we all need to take responsibility. even as i am negotiating with my staff, you can get really great talent if you give them a little bit of flexibility. just let them pick up that 5:15. they
is your best bet? >> there is no dow that energy stocks, to me, we are seeing the spikes in oil prices today. lori: you are basically saying try to raise some cash during this last week. that could be your fine opportunity. >> right. you have to think back at what these companies are saved. they are not overly optimistic. they were not doing back flips about the future. sometimes waiting is the best investment strategy that there is. you have to begin to see whether they will begin to grow. most companies have to face the facts. most companies are making money because of cost-cutting. i think we have to really look at ways to just be ready. the best place to be -- lori: lean and mean. cash is, well, i guess that is why you had a debate. i guess i can hold on for two weeks. >> i agree. they are lean and mean. every quarter, they are cutting more and cutting more. now, we are at the point if they are able to prove that this make sense, they will be able to show that they can grow. this could make or break a great quarter. corporations dealing with uncertainty really shows that it will ei
the night. the first moves into pennsylvania and weakened and then transfer energy to a system that is going to roll up the coast but that happens too late for this to be a major snowmaker for most of us here. a wide swath of snow from the storm from west virginia into new england. as far as accumulations are concerned one to three inches from columbus and then into pittsburgh and new york city picking up a quick one to three inches through the afternoon when the snow arrives but then boston is where things get interesting as the storm rapidly strengthens off the coast. snow will intensify as we get through the day and then especially the coasts of new england, cape cod into boston we could pick up snow in the 3-6-inch range and then the storm continues to strengthen and drags in north and west temperatures only going to fall. as far as the temperatures right now quite cold across the midwest and thorn plains and we are at 18 currently minneapolis. for tomorrow here. and winter is certainly here and here to stay. that cold air will continue to filter in as we track on past new year's day and
. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. is >> doug: state department officials are partially to blame at the benghazi consulate that left four miles per hours dead might get off easier than originally thought. "new york post" report that individuals remain on the state department payroll and will be back to work soon. they point to a statement saying all four are on administrative leave pending further action. did you know that you can weigh in on government regulations? that is news to you, you are not alope. correspondent shannon bream tells us the comment period for input is getting shorter and shorter. >> if you don't pay attention to it, this is a whole part of the government that is operating secret otherwise. >> when congress passes a law, something massive as the 2 2,409 page affordable care tract is the beginning. they are given authority to issue regulation to spell out how the law will be enforced but not before giving the public a chance
, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> doug: former president bush is in the hospital and unlikely he will leave intensive care unit anytime soon. spokesman says he is continuing to improve and is alert and in good spirits. the 88-year-old has been treated for over a month now after terrible case of bronchitis that triggered a series of complications. military hero and decorated four-star general normon schwarzkopf died on thursday. we look at his distinguished service to the united states. >> he spearheaded the lindbergh baby kidnapping. as a teenager he accompanied his father to iran where tolder trained the police and advised the shop. he served two tours in vietnam and highly decorated getting reputation to protect the troops and suggesting himself to enemy fire before them. the epitath should read he was a soldier who loved soldiers. he didn't suffer fools. his determination set him apart. >> going around or over. his plane-spoken qualities and bankruptness endeared him to the press and people. >> as far as saddam hussein
thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. >> a recently released document showing a rare glimpse into a two day visit to the united kingdom made by former president ronald reagan, back in 1982, including a case of, well, bruised feelings after president reagan apparently failed to reply in a timely manner to a personal invitation sent directly to him from queen elizabeth ii. the royal insiders say invitations like this usually gets a response within a matter of hours or days at the very most, but seems the president let it languish for weeks. the papers show a glimpse into the british government's response. they revealed that lawmakers, including former prime minister margaret thatc
of renewable energy. these things are some of the changes in environmental law relative to emissions -- they are all part of that effort. we have got to do more. we have to build on that. but it is certainly a commitment. one thing we recognize is that it does not have to be a competition between our economy and our health, because renewable energy and clean energy have economic benefits that are pronounced, and people understand that. so we highlighted the issues we felt needed to be highlighted for voters who are going to make the decision in the election, but the president's agenda is reflected in his work, and i expect he will continue to work hard on this issue is. questions as we wrap this up. >> thanks for coming back to the university of chicago. i have a quick follow up. regarding super pac's -- you just now reclaim your concerns about unlimited money in campaign financing. on the other hand, we saw earlier today had democrats were already oiling up their machines for 2014 and 2016. what are the prospects for repealing citizens united or comprehensive campaign financing refo
while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. gerri: good news for housing. prices increase. and here's the breakdown. the index of property values in 20 cities, increased 4.3% from october of last year to this year. that is the biggest games in 2010. i know some of you are thinking that these gains are games are coming in the wake of hugh's huge price drops. that's true. the housing market is recovering. bargain-basement lows, prices still are not low, but it looks like a lot of consumers are taking advantage of the perfect storm. so tt makes it all more curious of the obama administration is calling for an expansion of the federal government's involvement in the housing market. unbelievable. what the administration is proposing is a bailout. a bailout for homeowners who are underwater. that is that they owe more than the house is worth. even if it's not that by fannie mae and freddie mac. i believe this is a recipe for disaster the government would be doubling down with cheap housing fina
pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. gerri: it will be a new year pretty soon. we will get new taxes. not just for wealthy americans either. millions of americans will face obamacare tax hikes in 2013. especially the middle class. it will likely affect the way you receive care in the way you buy health care. care to explain is doctor mitchell brooks. doctor, welcome back to the show. it's always good to have you here. you say that it's really a three card monte. that is what the american public is getting the obamacare. what do you mean? >> there are so many hidden costs in the health care lot. we are not given the full information. your playing where the odds are stacked. you don't even know where the cards are. there is a new tax is going in the basically states that threshold will be allowable for medical deductions from income will grow from 7.5000 of the $10,000. for people who people who don't itemize them, they might say that's okay. rich people are going to get
master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> i
check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there up about a quarter percent. >>> all right. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington
[captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> good afternoon, everyone. i am sarah caldwell. president obama and lawmakers return to washington day with just five days left to avert the fiscal cliff. all eyes will be on the senate after house republicans said it is up to senate leadership to reach a deal. daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain involving tax reform entitlement changes in a matter of days. >> even starbucks is getting involved, right in "come together" on its cups. speaker john boehner is sitting the route out after failing to get house republicans to support his own plan. >> i think john boehner is being controlled, unfortunately, by the right wing. >> that leaves it up to majority leader harry ring in the red -- harry reid in the rest of the senate to find a s
. >> reporter: mike dickinson works for noble energy, which is doubling its production in weld county. this oil field stretches from colorado into wyoming. in 2008, it produced 83,000 barrels of oil, yet this year it is expected to reach nearly ten million barrels. how different is the technology that we're seeing here today versus what you were doing out here a couple of years ago? >> it's unrecognizable today compared to what we were doing just two or three years ago. >> reporter: oil companies used to mainly drill vertical wells, hitting one pool of oil. but now they are rapidly converting to horizontal wells up to a mile long and combining them with fracking operations which split open rocks, releasing oil once considered out of reach. and one drilling rigs can now install multiple wells in one location, making it more cost- efficient. a horizontal well produces seven to ten times more oil than a vertical well. >> today, we're not running any vertical rigs, and we're running eight horizontals. >> reporter: so this really is the future of what you're doing out here. >> it is. >> reporter: th
grassroots energy that got them out. i think college students were a big part of the win for prop 30. the fact that the current year's budget was built assuming that 30 was going to pass and that if it didn't, there were going to be trigger cuts that were going to cut into the higher education budget, really motivated a lot of students out. so, brown moves forward with that momentum. >> i really feel like that's kind of the nub of it. there was a huge component of fear involved, and well-based fear involved in the prop 30 campaign. it seemed like it finally got through to people that a tremendous percentage of the state budget is dedicated to k-12 and higher education and you can only cut so far, and we had come to that point without impacting those sections of the budget. >> what i think is so fascinating, tyche, about the passage of that, is people were scared, people voted, they decided it was worth -- even though they didn't trust the legislature, it was worth giving them more money. but we've been talking in the media for the last ten years about how california is broke, there's
commissions or other groups, you mentioned the energy air force base. during the reagan administration, a great big commission that found a solution for social security, these were big public fora where discussions were held with the public and now everything seems to be happening behind closed doors. why could openness happened in years past and today we can not seem to get to deal? >> in large measure because the media has so changed. in those days, you did not have 24-hour coverage. what you find with 24-hour coverage if an idea services, at -- surfaces, at 10:00 a.m., it is dead by 2:00 p.m. because everybody goes to the cameras. the cameras are there. ever-present and wanting to hype something. before you debate it is dead. you really see that around here. >> there has been a fair bit of criticism of the president for not embracing the findings of that commission. what is your take? >> i advised the president not to embrace the specifics because i feared if he did, house republicans would automatically be in opposition. if you are part of the bowles- simpson commission you saw
if you're saraying thate you're going too raise their health care costs or energy costs or labor costs. going t people aroe going to invest. job you are going to find that job creation is unique. american businesses want aess io president to succeed. i didn't vote for him, but hisey success is tied to my success. t conversely, his success is tied to the success of american bs business there ought to be some common ground here. i'm just not seeing it yet. youh lou: what do you think of the idea that it doesn't ceos from companies show that the wte house to talk big with the big guys, but small business thatf creates most these cuts represent a fraction of our economy. they have a major, major portion of the lobbyin efforts and the pressure that is alied in washington. what is your reaction? >> these are good people, smart people, intelligent. but you really have to look at how rare motivated differently than smallbusinesses would be. these large businesses can be the subject of government actions. it's easy to kind of select them, move them out. they can be subject to attack. they also
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